by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Empire Beauty School-Richmond can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Empire Beauty School-Richmond offer you, and what will you qualify for? Read on for more information. Keep going to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Empire Beauty School-Richmond.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Empire Beauty School-Richmond, 84% of first-time, full-time freshmen received some form of financial aid roughly 63 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,590 |
| Institutional grants & scholarships | 8% | $183 |
| Federal Pell grants | 63% | $5,490 |
| State/local grants | 0% | — |
| Federal student loans | 63% | $7,399 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Empire Beauty School-Richmond, about 59% of undergrads got grants or scholarships worth on average $5,561 (across roughly 73 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $5,561 |
| Federal Pell grants | 59% | $5,455 |
| Federal student loans | 60% | $7,700 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,691.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,694 |
| $30,001 – $75,000 | $17,042 |
| Over $75,000 | $20,178 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,488 |
| Off-campus title-IV students | $23,529 |
For a personalized estimate based on your family’s financial situation, use Empire Beauty School-Richmond’s net price calculator: www.empire.edu/net-price-calculator.
The median federal debt load at Empire Beauty School-Richmond comes to $7,851 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,851 |
| Median federal debt (graduates only) | $10,667 |
| Typical 10-year monthly payment (graduates) | $113.09/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Empire Beauty School-Richmond.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,322 |
| 90th percentile (highest-debt students) | $14,604 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,667 |
| Middle income | $7,972 |
| High income | $7,917 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,667 |
| Continuing-generation students | $7,917 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $7,917 |
A handful of calculated indicators summarize the debt outlook at Empire Beauty School-Richmond.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Empire Beauty School-Richmond:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17851 |
| Total Stafford loan amount | $183,144,138 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $28,634 |
| Average GI Bill amount per recipient | $5,727 |
References
More about our data sources and methodologies.